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    EAJ IRWIN
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    Tina Go invested 100,000 cash into her new flower shop business. Throughout January, she purchased supplies and equipment on credit. She paid rent and salaries. She also earned income from flower arrangements. Her trial balance at the end of January included accounts for assets, liabilities, equity, income and expenses.

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    Tina Go invested 100,000 cash into her new flower shop business. Throughout January, she purchased supplies and equipment on credit. She paid rent and salaries. She also earned income from flower arrangements. Her trial balance at the end of January included accounts for assets, liabilities, equity, income and expenses.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    12 views1 page

    Exam Fam1

    Uploaded by

    EAJ IRWIN
    Tina Go invested 100,000 cash into her new flower shop business. Throughout January, she purchased supplies and equipment on credit. She paid rent and salaries. She also earned income from flower arrangements. Her trial balance at the end of January included accounts for assets, liabilities, equity, income and expenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Republic of the Philippines

    Department of Education
    Division of Tanauan City
    St. John Academy of Visual and Performing Arts
    229 A. Mabini Avenue, Tanauan City
    (043) 406-4967 / stjohnacademyofvisualarts@gmail.com
    PRELIMINARY EXAMINATION
    Fundamentals of Accountancy, Business and Management 1
    Direction: Prepare journal entries, ledger and trial balance for Tina Go Flower Shop. CALCULATORS
    are allowed.

    Transactions of Tina Go Flower Shop for the month of January 2014

    04 – Tina Go invested ₱ 100 000 cash in the business.


    08 – Advertisement for a local newspaper was paid, ₱ 1000
    11 – Purchased a typewriter from Andy Lim, ₱ 30 000 on account
    15 – Purchased computer table worth ₱ 17 000 on credit from Lou Tang.
    18 – Paid Rent in advance for three months, ₱ 6 000
    23 – Paid the weekly salary of the helper’s, ₱ 3 000
    27 – Received ₱ 2 000 for the arrangement service.
    31 – Completed a flower arrangement service to Sam Ting Wong on account, ₱ 13 000.

    Use the following Account Titles:


    Accounts Receivable, Accounts Payable, Tina Go Capital, Tina Go Withdrawal, Furniture and Fixtures,
    Equipment, Advertising Expense, Salaries and Wages Expense, Service Income, Prepaid Rent

    “To live fully, we must learn to use things and love people, and not love things and use people.” – John
    Powell

    God Bless!!!!

    Prepared by:

    RONERLYN GRACE R. GARCIA


    Subject Teacher

    Checked by:

    MARK ANTHONY R. RENALES


    Coordinator

    Evaluated by:

    MR. ROGELIO T. LAROZA


    Principal, SJAVPA

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